Airlines flying high on passenger numbers
Wed close: Wizz Air and Ryanair were both flying higher after reporting an increase in passenger numbers in July.
Ryanair has become the first airline to fly more than 10 million international passengers in a month, as customer numbers leapt 11% year on year.
Mining stocks, including Rio Tinto, BHP Billiton and Anglo American, recovered from losses earlier in the week, although gold, silver and copper prices declined. Oil prices dipped with Brent crude down 1.2% to $49.39 per barrel and West Texas Intermediate falling 1.19% to $45.20 at 17:05.
Greece remained in the spotlight as a parliamentary spokesman for Syriza party Nikos Filis on Wednesday ruled out accepting the bridge loan proposed by the European Commission in July. Filis said country needed a full bailout programme instead. Athens has said it expected a bailout deal with lenders to conclude on 18 August, two days ahead of its deadline to pay off €3.5bn debt to the European Central Bank.
The FTSE 100 rose was boosted by better than expected results from Legal & General and London Stock Exchange, and by a rebound in the mining sector.
The index closed up 1% at 6,752.41 points – some 5% below a record high of 7,122.74 points reached in April.